L’azurde publishes IPO Red Herring prospectus

Riyadh – MENA Herald: Following the announcement on 9 May 2016 of its intention to float, L’azurde Company for Jewelry (“L’azurde” or “the Company”) today announces the publication of the Red Herring Prospectus for the initial public offering (the “IPO” or the “Offering”) of its ordinary shares.
The number of shares to be included in the Offer will be 12,900,000 representing approximately 30% of the share capital.
Offer to be made available to qualified Institutional Investors (anticipated to be 70% of the Offering, subject to demand), as well as Individual Investors (anticipated to be 30% of the Offering, subject to demand).
The subscription period for Individual Investors will commence on 05/06/2016, closing on 13/06/2016.